UPDATED: May 8, 2020
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The time consuming process of finding the right insurance policy that meets all your needs can be often be intimidating and confusing. Many may also find an in-person policy purchase to be even more of a nerve wracking experience that only adds to the pressures of purchasing an insurance policy.
You would think with the wealth of information at your fingertips with internet, the choice of which insurance company should be easier. But how do you decide with so many options out there? And how can you be certain that you picked the right insurance company that will meet your needs when purchasing online?
Homesite Insurance heard these complaints and stepped up to the plate to make the online insurance buying process easier.
And if too many options when it comes to insurance is still your problem, that is where we come in. Our detailed guide will help you narrow your search to find an insurance company that specializes in offering the certain types of insurance policies that meet your needs. If you are looking for the best in online purchasing of home and renters insurance, then you need look no further than Homesite Insurance.
Homesite Insurance started out offering solely home insurance and renters insurance policies, aiming to keep rates down through an entirely online direct buy experience. They are now owned by American Family Insurance and offer a range of products mainly through that affiliation.
Whether it be for your car, home, or life, safeguarding your investment is an important step in protecting you and your family today and in the many years to come. Our detailed guide of Homesite Insurance will provide you with the information you need to make the decision process easier when it comes to purchasing the right insurance policy that meets your needs.
If you are curious to see what a Homesite Insurance policy would cost in your area, then check out our free online quote option. Just type in your ZIPcode, and we will guide you through the rest of the process. And before you know it, you will have a detailed quote to help you make an informed decision on which insurance policy is right for you. It is that simple.
Homesite Insurance Ratings and Consumer Reviews
Any bank would do their homework in researching your financial history before investing and offering you a loan, and it should be no different with your insurance company. You need to make sure that the insurance company you invest in is financially secure.
We have provided both financial rating as well as product review ratings below in the headers that follow.
The best way to vet an insurance agency is looking at their credit ranking from the only credit agency that focuses on insurance companies, A.M. Best. A.M. Best currently ranks Homesite Insurance with an A rating which means the insurance company is financially sound for today and in the near future.
What does this mean for you the policyholder? This means that Homesite Insurance is a good candidate financially speaking to safeguard your investments. Homesite Insurance is more than capable of backing up any insurance policy, whether it be home, renters, life, or car, that you would purchase from them.
J.D. Power measures customer reviews and rates product . They have made but also extend to industries such as insurance.
In the homeowners category of insurance, J.D. Power gives an overall rating of two out of five in product review but also awards them 760 out of 1,000 points in overall consumer satisfaction.
The circle ratings may be on the low side showing some need for improvement in the Homesite complaint department, but the more accurate point rating system shows that well over half of consumers are pleased with the product and customer service that Homesite Insurance is providing.
Better Business Bureau
Homesite has an A+ rating with the Better Business Bureau (BBB). They are not accredited and have a total of 108 complaints closed in the past three years, with 22 of those in the past 12 months.
There have been 316 reviews posted on Consumer Affairs, giving the company a rating of just over 1 star overall. The majority of the reviews are negative. Most of these involve a very difficult claims experience.
Yelp has 12 reviews and a 1-star rating overall. The volume here is not too high, but the complaints are much the same.
A lot of the complaints appear to come from customers that purchased Homesite policies through Progressive or Geico; many of these customers were surprised to learn that they did not actually have a policy with the company they purchased through, an issue that cannot be blamed on Homesite.
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About Homesite Insurance
Homesite Insurance was founded in 1997 in Boston, MA, and has since expanded across the country, offering coverage in most states. They are a home insurance company, as the name implies and for much of their history offered solely home and renters policies.
In 2014, Homesite became a part of American Family Insurance, and their website now advertises that they also offer term life insurance, auto insurance, and commercial insurance. The auto and life insurance products are actually underwritten by American Family, while Homesite continues to write their home insurance policies. Commercial insurance also appears to be directly underwritten by Homesite.
Homesite Insurance Group has several member companies, and policies may be underwritten by any of those companies depending on where you live.
Homesite products are sold directly online and not through agents – with the exception of those that are through American Family, as an agent may be involved in those. They also partner with major car insurance companies to provide homeowner’s insurance in order to create a bundle for their customers – Progressive and Geico are among them.
Homesite Insurance Products
Homesite’s website offers only basic information on their products, with an outline of standard and optional coverage for each option. Since they do not underwrite auto or life insurance, we will not go over those products in detail – check out our review of American Family Insurance for information on their auto and life products.
Homesite’s base insurance policy for a single-family home includes coverage for the structure and for personal possessions, as well as loss of use and medical payments to others. Unusually, the policy does not appear to come with liability insurance as a standard coverage.
The options listed are extended coverage on the house itself, coverage for special valuables, identity theft, and personal injury protection. While it is not named that way, the personal injury protection appears to be what would be called personal liability at most insurance companies. There is no explanation for this.
The Condo policy, on the other hand, does include personal liability as a standard coverage. In every other way, it is much the same as the home insurance policy, with the exception of the structure coverage that is not needed for a condo. Personal injury protection is again offered as an option.
Like the Condo policy, the Renter’s policy also includes personal liability coverage. It also adds mold protection as a standard coverage, which is pretty unusual for this type of policy.
Homesite also offers flood insurance as a separate add-on policy.
Similar to the personal side of things, Homesite does not provide much of a description of their commercial products.
Life and Auto
These two products are underwritten by American Family Insurance. The auto page takes you directly to that company’s website for a quote, but the life insurance appears to be sold and quoted by Homesite in spite of being an American Family product.
The life insurance policies offered are both term life, one being a standard term policy and the other an annual renewable policy. Limited information is offered on these products.
Homesite Insurance Rates
Since auto insurance with this company is actually written by American Family, we recommend visiting our review of that company in order to get rate and policy information.
We ran a quick quote for term life insurance, using the sample of a 30-year-old male non-smoker living in California. The coverage amounts offered in the quote ranged from $50,000 up to $250,000, with 10, 20, and 30-year terms available.
A $100,000 10-year level term policy was quoted at $14.90 a month. At 30 years, the same policy was quoted at $22.60 a month. Those rates are reasonable, but not the least expensive we have seen for similar coverage.
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Homesite Insurance Claims
Claims can be filed online for almost any of the products offered by Homesite. There is also a toll-free number available. It is not stated whether or not this claims line is open 24/7, but it appears to be given that business hours are not listed. The Homesite contact page also lists a separate claims number at 1-866-621-4823.
Both email and physical mailing are also options for contacting Homesite about insurance claims. The email address is firstname.lastname@example.org while the physical corporate address is listed below:
One Federal Street
Boston, MA 02110
The online claims system is only accessible by logging into the customer area of the account, which most customers should be able to access easily given they likely purchased their insurance policy that way.
There is a brief FAQ section on claims that cover the basics of the process on the company website. Homesite will assign an adjuster and then send an appraiser out to assess the damage, after which coverage and benefits will be determined.
Life insurance is the one product for which claims information is not listed in the main section. Life claims are handled through American Family – as are auto claims – but that information is only found in the fine print.
The Bottom Line
Homesite likely gets a lot of its business through partnerships with other companies, and they may be a good choice if you are looking to bundle your Geico or Progressive policy. The general lack of details on their products makes it hard to determine what kind of value they offer, and it is, therefore, difficult to form a solid opinion of the company.
Have we piqued your interest in purchasing an insurance policy from Homesite Insurance online?
Either way, you can get a better idea of how much such a policy will cost you by using our free online quote option. All you have to do is type in your ZIPcode, and we will take care of the rest. We will provide you with a detailed run down of a Homesite Insurance policy of your choosing. The online process just got a whole lot easier and more informed.
For a list of companies that we recommend, visit our Best Insurance Companies page.